Solaris Oilfield Infrastructure (NYSE:SOI) had its target price raised by stock analysts at Imperial Capital to $23.00 in a research note issued on Friday, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price target suggests a potential upside of 20.61% from the company’s previous close. Imperial Capital also issued estimates for Solaris Oilfield Infrastructure’s FY2017 earnings at $0.59 EPS.

Several other analysts have also issued reports on the company. Citigroup lowered Solaris Oilfield Infrastructure to a “market perform” rating in a research note on Wednesday, October 11th. They noted that the move was a valuation call. Zacks Investment Research lowered Solaris Oilfield Infrastructure from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Oppenheimer reiterated a “buy” rating and set a $20.00 price objective (up from $16.00) on shares of Solaris Oilfield Infrastructure in a research note on Monday, October 9th. Piper Jaffray Companies reiterated a “buy” rating and set a $19.00 price objective on shares of Solaris Oilfield Infrastructure in a research note on Sunday, November 5th. Finally, Raymond James Financial lowered Solaris Oilfield Infrastructure from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Solaris Oilfield Infrastructure currently has a consensus rating of “Buy” and an average target price of $18.23.

Shares of Solaris Oilfield Infrastructure (SOI) opened at $19.07 on Friday. The company has a current ratio of 7.44, a quick ratio of 6.78 and a debt-to-equity ratio of 0.06. Solaris Oilfield Infrastructure has a one year low of $9.90 and a one year high of $19.79.

Solaris Oilfield Infrastructure (NYSE:SOI) last issued its earnings results on Thursday, November 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The firm had revenue of $18.50 million during the quarter, compared to the consensus estimate of $17.14 million. Solaris Oilfield Infrastructure had a net margin of 18.84% and a return on equity of 10.16%. The business’s revenue was down 99.6% compared to the same quarter last year. equities analysts predict that Solaris Oilfield Infrastructure will post 0.52 EPS for the current year.

In related news, Director W Howard Keenan, Jr. sold 2,660,201 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $15.04, for a total transaction of $40,009,423.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Solaris Energy Capital, Llc sold 1,071,804 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $15.04, for a total value of $16,119,932.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,925,926 shares of company stock worth $59,045,927.

A number of hedge funds and other institutional investors have recently made changes to their positions in SOI. New York State Common Retirement Fund bought a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth about $123,000. Alliancebernstein L.P. bought a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth about $125,000. Parametric Portfolio Associates LLC bought a new position in Solaris Oilfield Infrastructure in the 2nd quarter worth about $125,000. ClariVest Asset Management LLC bought a new position in Solaris Oilfield Infrastructure in the 3rd quarter worth about $146,000. Finally, Sei Investments Co. bought a new position in Solaris Oilfield Infrastructure in the 3rd quarter worth about $152,000. Institutional investors and hedge funds own 56.36% of the company’s stock.

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About Solaris Oilfield Infrastructure

Solaris Oilfield Infrastructure, Inc manufactures and provides its mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. The Company offers its services to oil and natural gas exploration and production (E&P) companies, as well as oilfield service companies.

Analyst Recommendations for Solaris Oilfield Infrastructure (NYSE:SOI)

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